The Ministry of Supply has set the price of sugar at government's selling points at EGP6/kg. "The decision aims to control the prices and regulate the market, as well as limit smuggling and monopolising and price manipulation," the Ministry said in a statement on Saturday. The new price for sugar, set by the Ministry, is the third price for sugar in the market as subsidy card holders can buy sugar from the Ministry's selling points at EGP5/kg, and the free market offers sugar at cEGP8-9/kg. Sugar traders said a shortage was caused by their inability to import due to a dollar crunch and a tariff that was imposed earlier this year, which discouraged imports. The tariff has since been lifted. (Reuters)